In the new issue of Regulation, economist Pierre Lemieux argues that the recent oil price decline is at least partly the result of increased supply from the extraction of shale oil. The increased supply allows the economy to produce more goods, which benefits some people, if not all of them. Thus, contrary to some commentary in the press, cheaper oil prices cannot harm the economy as a whole.

Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.

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More on the Expansion of ‘Human Rights’

Is Arizona Gov. Jan Brewer right to complain about the Obama State Department’s inclusion of Arizona’s new immigration law in its report to the U.N. on human rights conditions in the U.S.?

My response:

Quite apart from Gov. Brewer’s complaint, the Obama State Department’s first report on human rights conditions in the U.S., submitted to the U.N. Human Rights Council last week pursuant to a U.N. mandate that members conduct self-assessments every four years, reads like a politically correct campaign brochure, touting everything from the administration’s stimulus spending to ObamaCare to financial reform legislation as promoting “human rights.”

We’re told, for example, that America falls short on “fairness, equality, and dignity” in such areas as education, health, and housing. And what’s the evidence? Among other things, it’s that unemployment for blacks and Hispanics is higher than for whites, that there’s racial and ethnic disparity in home ownership rates, and that “whites are twice as likely as Native Americans to have a college degree.” Or consider this claim: “Asian-American men suffer from stomach cancer 114 percent more often than non-Hispanic white men.” That’s a “human rights” problem?

What the administration has done here is conflate real human rights – the rights protected under the U.N. Convention on Civil and Political Rights, to which the U.S. is a party – with specious “rights” – the claims found in the Convention on Economic, Social and Cultural Rights – which the Senate has refused to ratify. And all of this is submitted in a doument to be scrutinized by such human rights exemplars on the council as Russia, China, Saudi Arabia, and Cuba.

After the U.S. ambassador walked out of the predecessor U.N. Commission on Human Rights in 2004, following the admission of Sudan to the commission in the midst of ethnic cleansing in Darfur, we did not join the commission’s replacement in 2006, the new U.N. Council on Human Rights, not wanting to lend that body any credibility. Last year, however, the Obama administration joined the council – part of its outreach to the world. Enough said.